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this was not political, it was not for this, this, and this reason, it was in fact trying to make sure the mesh economy was on solid base and that we could get some jobs back. >> we're about four minutes from the beginning of that q&a session. we are monitoring mr. bernanke's address, art. we'll bring you the session when it does begin. >>> bond traders also keeping a very close eye on mr. bernanke and his remarks and the upcoming q&a that we'll bring you. rick santelli tracking the action at the cme. reactions? >> i've been phoning around. there is a very common thread especially among a lot of the futures traders. they keyed if on one sentence of ben bernanke. we'll show it on the screen. we expect that a highly accommodative stance of monetary policy remain appropriate for a considerable time after the economy strengthens. and this is what traders were not happy about. i talked to two or three traders that said they're going to be moving now almost exclusively in trading non-financials, commodities, precious metals, and his opinion -- things that the fed can't print. they also think that ultimately
the economy going. worked for kennedy, for reagan, worked in the early part of the last decade. it will work again. >> we have to do something. since the recovery began, by the way, june 2009, household incomes are down 5.7%. that's since the recovery. when you're in a recovery, incomes are supposed to go up. >> yeah. what's disstressing and concerning is, at this point i don't know what governor romney has in mind. he's been saying all along he'll reduce taxes and shows up in ohio -- >> reducing tax rates. >> he shows up and says don't expect a huge tax cut, because what he's doing is lowering deductions and exemptions. great. i wonder if somebody will get around to telling me what those deductions and exemptions are that he's going to lower. he's been running for president for seemingly half a century and none of us know what he plans to do. i may like it, but he hasn't told me. >> the bottom line of what he's going to do, minus the specifics, he's going to lower tax rates by 20% for all income groups and get rid of the special deals and deductions that some of the big guys get. >> well, y
's a point you made earlier in an earlier segment that the bottom line is the economy is still very, very weak. i'll tell you, we've been on overweight equities for the last six or nine months. we're now starting to pull back some of the risk. yes, the market could rally higher. i don't see the stimulus up as much as i did when everybody didn't believe qe-3 was coming. i think there's more negative potential headlines. we're taking risk off the table right now and hopefully we'll re-enter at a lower position. >> it's interesting. rickntelli, the fiscal cliff keeps coming up. that's one of the biggest issues in terms of keeping businesses from making any real decisions here, putting money to work, and it's also the highlight going into the election. >> it is. i guess the real irony is even if the fiscal cliff didn't exist, the outlook economically, both domestically and globally, is deteriorating. really, it's a bit of a double whammy. i'll go back to what i said the last time we discussed this an hour ago. if you look at the 21 weeks from mid-october to march of 2000 when the nasdaq crash
passed on to our kids. it's not just bad for the economy. it's not just bad for our job creation. it will in my opinion, it's immoral for to us pass on obligations like that to the next generation. >> romney'sry reserting the economic attack on the president as a new study shows median household income fell 1.1% in august to just over $50,000 a year. since june 2009, household income fell $5.7% and they are down 8% since obama took office. romney's blunt assessment is everyone will share in the sacrifice to fix the mess and get people back to work. >> don't expect a huge cut in taxes, i'm also going to lower deductions and exemptions. but by bringing rates down, we will be able to let small businesses keep more of their money so they can hire more people. >> romney's latest ad is just him, framing the choice. >> big government dependency, versus personal responsibility and liberty. >> we shouldn't measure compassion by how many people are on welfare. measure compassion by how many people are able to get off welfare and get a good paying job. >> reporter: that in effect is romney
in obama's handling of the economy and romney. we have two jobs report left before the election. do you think -- well, what do you think the impact will be? >> i don't think there will be all that significant because if it was going to be significant in the jobs report obama would be toast. he has had 43 months in his term so far where the jobless rate is above 8%. now, and all of the time between 1948 and 2009 when obama took office in cumulative months and which the unemployment rate was above. some 39 months and 43 months in just three and a half years of his presidency. those are the staggering your numbers. yet people still say, well, he's trying really i've. lori: he wants to try to cut tax of year and a higher percentage. 75 percent individual income rate. >> it is absurd. there is no economic basis for that other than we don't think people ought to earn that much money, so we're going to take away. that is socialism at its very essence. and so you elected socialist president. voila. you're going to have socialist policy, and that is what you have. he comes out with a 75% tax rat
vote is virtually even nationally. this will be all about the economy. this will be about debt. this will be about health care. this will be about all issues domestic. libya will not come up. syria and some of the increased fighting there, foreign affairs, will not come up. no doubt, mitt romney will try to work that into the theme of whether we continue to pour good money after bad in the region, that's debatable. it could be created, but likely not happening tonight. the focus on that debt, on the economy, which mitt romney is saying is going to hell in a hand basket, and obama forces say, it's a nicer hand basket than it was. we have no idea how they sell the argument. we know their people are out in droves in the room behind me where they pitch their respective argument and sort of pitch their standard lines. what i think is interesting about the room is this is the place before the debate each side is telling what a lousy debater their guy is. in this room, it's not spinning. by the enof the night, i might be. they -- they each say how poorly they expect their candidate to
the rest of the economy has started to feel the effect from the sluggish manufacturing sector. if you look at the breakdown of the services pmi, the construction services sub index -- meanwhile, new orders were dragged lower by demand weakness for transportation. over in australia, a survey showed an even grimmer picture as its services index dipped to 41.9 in september. india reports its all important services pmi tomorrow, while hsbc is out next monday. that's all from me. >> thank you very much. >>> coming up on today's show, we head to paris to find out more, the attempts to offload his unit. then to hong kong where we examine the political transition in china plagued by scandals and disappearances. we get an expert view on the new leadership change. >>> and next, washington and its debate tonight as romney and obama finally square off. we'll have a preview of what to expect and what's at stake with our very own democrat-republican panel. >>> and real estate is on the rise. we head to new york with founder barbara corcoran. mariano rajoy has denied reports that spain will request a bai
to average americans, the economy. let's run this through the spin cycle. i think this is a double-edge sword. on the one hand, this election is about the economy. and regardless of how tempting foreign policy is right now, come election day, voters care most about the economy. that's true i think every year. we know this from 2004. which was supposed to be an election on foreign policy and still exit polls showed most voters cared about the economy. so i think the advisors who want him to stay on message about the economy are right. however, the other side to this, and i guess i'm arguing two points here, the other side to this is, there are areas to exploit. obama's foreign policy has been whitewashed by his defenders and i think there are people on the right in the middle and honest people on the left who would be outraged to hear a little bit more about obama's failed promises. the problem mitt romney is going to have, he has to come at foreign policy from the left and right. that's tricky. from the right, he needs to talk about obama's policy of open hands versus clenched fists, have see
output at a plant as the economy slows and demand weakens. meantime 40% of china's iron ore mines are standing idle as steel prices have crumbled. and loans to firms and households fell more than expected. ecb staying loans to the private sector fell 0.6% from the same month a year ago. italy's borrowing costs falling at a bond auction today. analysts say the auction shows nand for italian government paper remains healthy. and eu regulators are prepare to go charge microsoft for failing to comply with a 2009 ruling. that ruling had on ordered the company to offer user as choice of web browsers. apparently they may not have done that. if guilty, microsoft could face fines of up to 10% of its global revenues. and that would be a lot of money. >> iran still, we're this close to nuclear -- think our unfunded labels are like 60 trillion or something. europe back in the crapper, but the refs. huh? >> i told you, i don't always like unions. i'm actually happy that the refs union won. >> it does provide a release from some of the travails and the worries of every day life. spoorts is spor
: steve, on the economy specifically, a majority of voters disapprove of the handling of the economy by the president. take a look at this. almost 60% think his economic policies have actually hurt the economy or made no difference at all and that of course is by far the number one issue yet 50% say he deserves to be reelected. do you think, steve, people believe the bill clinton argument that nobody, no president, could have actually solved this in four years? >> yeah, i do think that had some effect. there is no question that president obama came out of the conventions with a little bit of momentum. you talk, it is not only showing up in the public polling that we're talking about here today but talk to republican pollsters polling on senate and house races and they will talk about what they call the clinton bump. they have seen it across polling in various parts of the country that voters who are asked a question is the country on the right track, is the country on the wrong track, which most pollsters believe the single best determiner ho will win in november, there was a jump in
of those special interest groups and the like. the bigger they get from them were hardly due to the economy and the less chance that they have to improve your lot in life, as abraham lincoln put it. >> host: is reality a part of capitalism to smack it is the basis of capitalism. contrary to the hollywood cartoon character of business people rubbing their hands in glee at the misery of others, even if you lust for money, you don't get it unless you provide products or services that somebody else wants. so without us even realizing it, it enhances humanity. you have to create change and cooperation and you have to get people to work with you. you have to persuade people to buy what you're offering. in that sense, free markets open up for her creativity. anyone can go anywhere and do something. but by golly, you have a chance to do it. it breaks barriers between communities and ethnic groups, and we take it for granted in this country. you start a business and he wanted the best people possible. that is a truism. that is a recent phenomenon. many societies are getting over that fact. you can g
," and we're here because we live in a global cloueconomy. it has altered local economies because so many manufacturing and technology jobs are moving, whether it is a matter of costs for going where the trained work force is. we're fortunate to have to governors here to talk about how that change affects their jobs and what they're doing to jump- start their economies which compete with one another. this could be fun. let me start with our guest. governor hickenlooper. i knew that was going to happen. most of us here are pretty much aware of california's budget crisis. can you give us a quick briefing on where colorado is and what you are trying to do to turn things around? >> our budget is just as dressed as almost every state in the country. we have been working trying to control costs, get our pension funds in line, our state employees have not had a raise in four years. it has been difficult all the way around. the real challenge has been to try and turn public sentiment and get people to recognize it without a strong economy. it will not solve any of these problems. we have been rel
. the economy is obviously a big part of this story. the qe announcement providing a shock to stock. we'll talk to charlie evans at 8:30 eastern time. and then it is your money, your vote. we'll start the countdown to the first presidential tee batd, that is on wednesday night. we'll be turning to a pair of political strategists in the next half hour for a preview. plus a cnbc exclusive, julia boars sten catching up with sheryl sandberg. including just how many people put everything about themselves online. >> does it scare that you you've helped create a generation of oversharers? >> i think what we give is people the ability to share what they want. what is one person's ridiculous oversharing is another person's regular day and we build technology that lets users share what they want to share and that's tremendously exciting. >> julia will join us with more of that conversation coming up at 7:30. and we'll find out why craig barrett is not a facebook fan. and in sports news, yes, europe has retained the ryder cup. staging a comeback after the u.s. began sunday with a big lead. europe has won
to handle the economy, mr. romney leads by three. on the deficit, mr. romney leads by nine. on all of these issues, that's the one on which he has the strongest trust from voters as compared with president obama. and that confidence in mr. romney on the deficit turns up not just in the nbc/"wall street journal" poll, but in a lot of national polls. even though he hasn't given a lot of details as to how he would handle the deficit as an issue. the bottom line, there's no question as to who you would rather be here, right? you would rather be president obama than mitt romney looking at these numbers. that plus 19 advantage that the president has on looking out for the middle class, that is a death nail for mr. romney's campaign if he cannot turn that around. but i think looking ahead to tonight's debate, there is a real opportunity in the huge disconnect in the electorate, in a way that reflects a real risk for president obama. there's this huge disconnect between mr. obama's best number with voters and one of his worst numbers. which is that president obama has so far not been able
to find work in today's economy. too many of those whore payc.ng are liaycheck to acare ling in poverty than when president obama took office. and 15 million more are on food stamps. my plan will create 12 million new jobs over the next four years. we shoul'teasure compassion by how many pele are on wee. hosuomio by how many people are able to get off welfare and get a good paying job. i'm mitt romney, and i approved this message. >> i think that ad just makes my odorning, it's thursday, september 27th, as you take a look at a wet times square in new york city. i'm in chicago this morning, but with us in new york city wh willie geist, our national affairs editor for "new york" magazine andnbit analyst, john heilemann. also former treasury official and "morning joe" economic analyst steve ratner and nbc news chief affairs correspondent and ht of "andrea mitchell reports." >> we have affairs. >> andrea mitchell. aninasto f "the politico playbook," executive executor jim vandehei. of course, willie, we've got a lot to talk about. let's start really quickly with the refs! >> they're back. >
while consumer prices slipped further in august raising fears the world's third biggest economy could yet fall into recession by year end. >>> what a big day. >> super friday. >> we have the french budget proposal, the results of the spain audit/stress test, we've got, what else -- it's the end of the quarter. britain is announcing it libor reforms. >> that's not what i was talking about. it's the ryder cup, folks. forget all that stuff. >> by the way, i had to google the ryder cup. >> far more important event. >> we'll talk about that later in the program. >> i don't know who insisted on that, but apparently we are going to cover it. >> before we get to that, the government of hollande is about to present it first budget. its expected to whicheverdelives of tax hikes. meantime european policymakers are appraising spain's reform plan. but today the government must brace for the results of the banking stress tests that will determine the recapitalization needs of the country's most troubled lenders. we have steve sedgwick following the story in thmadrid, but firs out to stefane i
.1% unemployment. heading to a debate focused on the economy and domestic issues. >> how they can justify raising taxes to the middle class has been buried the last four years. >> dramatic admission today about the president's first term from vice president biden. which gave republicans some predebate ammunition. though he charged bush policies are to blame. >> by the time we were elected they had eight years doubled the national debt. debt clock. doubled it. in addition to that, they had the slowest job private job growth since world war ii under this policy. >> another key debate topic, healthcare. romney is defensive about his massachusetts plan. today, the obama camp charged the promise to repeal the president's law will knock millions off the insurance. republicans are circulating a secretly recorded video of a recent meeting among local government officials here in henderson where the president is doing debate prep. officials discuss how implementing the president's law will cost city employees an extra $40 a month. >> a challenge beyond belief. >> in exclusive interview with fox in nevada,
for iran and the economy and perhaps take a military course. melissa: yeah, it feels like we're not having impact. that's why we're talking about all these things tonight. thank you very much ambassador, for coming on. >> thank you very much. melissa: hoards of demonstrators violently taking to the streets of greece and spain to protest new austerity measures. governments are trying to take one step forward to solve the continent's debt crisis but some citizens seemed determine to take two steps back. with the u.s. trying to solve its own looming debt crisis could we see this kind of turmoil break out here? steve moore from "the wall street journal" joins me with more on this. we watch these protests going on in the streets and the first thing on my mind is that it seems like things are getting worse instead of better across europe and i thought that we had sort of solved, at least part of the financial crisis there but, you know, we're looking at these pictures. what do you think, steve? >> i will answer your question whether this kind of thing could happen here, melissa because i think t
on domestic issues including the economy and jobs. the second debate on the campus of hofstra university. politico has this piece about jim leher. for the first time in the 2012 campaign, the president and mitt romney will face each other in what many consider the most important even between now and november 6. for the 12th time in the history of debates, jim leher has been asked to serve as moderator making him the most experienced a moderator and the modern history, he is uniquely suited according to his contemporary. at a time when the electorate is as divided as ever and wind -- media scrutiny is -- next is hayley. welcome to the program. caller: good morning. thank you for taking my call. i am one of the people who spend every summer for the last few summers going around the nation asking questions. my main question is, what do people think politically and what they are paying attention to. you say are a third party is relevant, yes, they are. they will never get any kind of support as long as the american people are more interested in things like "dancing with the stars." that is a
heart the middle-class and how to build an economy that works for the middle-class in this country. that is fundamentally what looking for. >> chief political correspondent carl cameron is live in boston. paul ryan is playing the old expectation games on lower xfgss for governor romney but chris christie is calling the debate a game changer. i wonder who is right. >> reporter: you got surrogates talking a lot today. they will continue until wednesday when the priangs can go face to face. today governor romney is doing his debate. president obama has arrived in las vegas and getting ready for the showdown. romney will be in denver in advantages of this. paul ryan was talking about the romney ryan ticket new framework for the race. they said referendum on president obama's record. but it's decide how to best deal with the competent. here is paul ryan trying to set the stage. >> we can have a dynamic growing economy that produces opportunity or stagnant economy that fosters dependency. we can stick with the failed policies of last four years for the next four years or a brighter futur
to turn around our economy in the same way. end of that quote. but still that word harvest just sticks out, doesn't it? >> it does. and i have to say this tape wasn't surprising. it's interesting in some ways because it's not surprising. this is how private equity people talk. they look at companies not in the long run, you know, how to build something the way steve jobs built apple and how it can be part of a community and go on and on and create jobs and survive and thrive. they look at companies as sort of profit opportunities. we look for companies with hidden or potential value. we go in there, take a stake, try to manage them, and then harvest them for significant profits. now, as president obama has said, in some ways there's nothing wrong with that. newt gingrich called it vulture capital lic capitalism. it's looking at a way of creating jobs, being a stake holder in the community and thinking about the long run. that's not what you're look at. mitt romney was just talking the jargon of someone who does private equity and it's just not -- at the same time, though, in the last year
been over the london olympics and over the libya and their feelings about the economy, how does he build up his presidentialness and bring down the economy aspects all in one night? we >> well, tonight chris, we see the real mitt romney. he's going to have to answer questions and make an argument. he's going to have to explain where he wants to lead the country. we live in momentous times. what is his plan to move the american people forward? i think they are going to take his measure tonight. >> would you lay out the map if you were him? would you tell him how he's going to stimulate economic growth by cutting taxes and getting rid of deductions? would you tell the american people exactly or even generally what you're actually going to do? >> well, i'm with you, chris. i think plat tuds and zingers don't work in a format like this. he has to have a good debate. he has to pass president obama in the polls if he's to be elected president, obviously. tonight, at a moment of peril for the country, where we have challenges abroad, severe challenges domestically, how do we restore our b
of the post and sat down with hannity to discuss the economy. >> it is beyond unsustainable . poem are talking about about the fiscal cliff coming and new tax increases and spending cut us. but the really problem is in february when out of the necessity who is president will have to go to the congress and say we need a trillion or two trillion in borrowing authority to pay our debts. we have got i mean, this is a conservative message which people, whether they agree with you or not. >> this is real. >> this is real. and we are on a spending binge. >> woodward will appear on "fox and friends" to discuss the economy and next fiscal cliff is just around the corner. there are fewer than 100 days before we reach that impending fiscal cliff. the expiration of bush tax cuts the start of a trillion dollars of budget cuts. tax magedon is unsettling to one large segment of the economy and mike emanuel explains. >> many small business owners are expressing anxiety as the u.s. economy faces the fiscal cliff. that is in tax hikes and government spending cut to do you to take affect in the new year. >> i wa
of the economies, and i think because of that mitt romney's gin more chances than he otherwise would to make his case to the american people. i think this very first debate next week may be his last best chance to make his case. >> do you think if the debate's a flop for mitt romney that all of a sudden some super-pacs and big dollar donors, some of the establishment, do they begin to abandon him next thursday? >> i think it will certainly heighten and go to defcon five. what's the next color is on the homeland security chart, i lose track of them, we'll probably go to. i think what mitt needs to do, craig -- >> fuchsia. >> -- is really be himself. stop trying to be a conservative. he's not. we're not talking about a guy with deep ideological convictions. his real moral convictions are in his family where he has a picturesque american model there. beyond that, he's known for making money for himself and other people and creating jobs for those who don't have wealth. that's who he needs to be. >> it sounds like steve is saying let mitt be mitt. is it too late for that? >> well, it's not as though
work. but this is not one of those times. when the federal reserve talks about getting the economy moving by any means necessary it is really talking about getting more data like today's terrific ism number. given that the europeans and chinese are doing the same thing, if you're betting against the market you're fighting major central banks around the world that are doing their best to generate good data and sometimes their best is good enough. why does this overused cliche matter so much? ben bernanke said he's going to continue to buy bonds to keep interest rates down, so that this purchasing manager's number won't be an aberration. when you examine the fundamental of individual stocks, you are playing what's known as the micro. when you take into account the big data numbers like the purchasing manager's index, you're making a macro analysis. again though like the idea of fighting the fed this micro/macro dichotomy might mean nothing to you unless you took ec 101. let's put it in terms that everybody can understand. anyone who's been to a museum or taken an art class knows that
has obama leading romney 49-46. the economy is issue number one and whose plans are better for the middle class. to answer that we are holding our own debate right here on the kudlow report. we are joined by new jersey democratic congressman and jim gillmore to make the case for governor romney. there will be time to talk among your selves at my disgression. the first question is going to congressman big paskrel. 1.3% gdp 25 million people out of the workforce. mr. president, what is your solution to the prosperity and the recovery that continues to elude us? >> over the past 30 months we have had an increase in private sector jobs. but that is the direction we are going in. if you remember what happened before that, when the president raised his hand in january of 2009, we were losing 700 no,000 jobs a month. but the fact of the matter is we are going in the right direction now and we should keep doing that. the president supports the position on the creation of jobs and the government can't do everything but it has a responsibility. we have lost public sector jobs and we
are great. that's one of the reasons the economy hasn't been strong to this point in the cycle. housing is keeping us from really stuttering on growth. we need more in housing, all that free cash flow in the corporate sector to be put to more productive use, investing in capital and labor. there's a real need for it, carl, because the capital stock in the economy is basically depreciating. we're operating with old depleted capital. >> housing is a much smaller portion. the context of this is we need a much bigger engine for this economy this time around. >> we do. but partly most of the housing is so low because it came from a high level and then a collapse. if you look at the fed flow of funds data, you've had two record quarters of growth because of higher home prices. but we need more jobs. so housing is helping, the consumer is still holding in. we need more jobs. it's got to come from the business side. >> what gives you the confidence that europe has stabilized? of course, we look at this durable goods number, we know that's partially because of european weakness, but some would s
a poor recovery of the u.s. economy because of the failed policies of the president. if you had a more robust economy you would have less of a devit. >> steve: the plan that current president made available to what he would do in the next four years. >> he claimms a several trillion in deficit reduction over the next 10 years. that's not a flat out cut in the debt or deficit. that is a slowing in the rate of growth in the rate of deficit and those cuts come many years down the road. >> brian: thank you, stewart we'll watch you at 9:30. >> gretchen: crying babies on a plane. one airline came up with a solution. >> brian: president obama pulled ahead but larry sabido who correctly predicted the electionn said that is not going to last long in virginia. ♪ i'm yours . ♪ ♪ here i am, baby. how can you get back pain relief that lasts up to 16 hours? with thermacare heatwraps. thermacare works differently. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock tight muscles. for up to 16 hours of relief, try thermacare. but i'm still stubbed up. [
a red flag for the economy. we'll talk more about the transports and what they're telling us at 6:40. we'll also focus on the economy with the man who is charged with officially calling recessions and the end of those recessions. james poterba will be here at 7:30. and our corporate story of the morning, smartphones and mobile devices. apple launches the new iphone 5 in 22 more countries today and this comes after blackberry posted better than expected quarterly results after the bell last night. still, it is an uphill climb for this company. we'll be talking to research in motion ceo. and plus we will welcome today's political news maker, senator rand paul, one of the nation's best known tea party members. and by the way, in case you went to sleep early last night, the official nfl refs were back on the field. get this, they got a standing ovation as they took the field. the ravens beating the browns 23-16. we will have more on the game and on what's happening in sports at 6:20 eastern time. first andrew has the morning's top business headlines. >>> on the global markets agenda, results
us that he can create jobs and knows the economy better because of his bain cap pal experience. >> but michelle, let me ask you, harvest companies -- buy companies a harvest them, where can you even find the most generous stretch you can, find job creation? >> it i unfortunate imagery and it's a rarafied field and this is the downside to the way romney has made his entire campaign, kind of a referendum on obama' private sector experience, he talks up a good game, you know, kind of inflating what any president would be able to do on the job creation front. so, you know, you run across something like this and of course people are going to jump on it becae romney himself has made job creation and his ability to do that central to his entire candidacy. >> but, david, let's be fair. he does care. he, romney, has some compassion in an interview with nbc, he showed how he cared by promoting romney re look at this. >> don't forget, i got everybody in my state assured 100% of the kids in our state has health insurance. i don't think there's anything that shows more empathy and care than
're finding things to do on the consumer side. i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the export economy. you're saying that it's in trouble, it's broken. >> i'm not saying it's broken. i'm saying there's a transition going on towards consumption exporting to europe and real estate are no longer going to be their drivers nap will probably create more volatility than we've had in the past. >> how easy is it to expect this transition? you're buying in the consumer space. >> yes, and you have the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're ver
that turned. before then, i think it was a referendum on obama's tenure as the leader of our economy. >> right. he had bob portman, he had a perfect chance to win ohio to say i'm a centrist mainstream republican. here i am. i told you people on the right where i stand on things. i'm now not going to pick the most radical, both fis fiscally and in terms of physical policy guy in washington of any influence. he went to ryan and he stuck with him now and he brought him nothing, ryan. >> charlie crist, a rmepublican and now independent and he does support president obama. governor, good to see you. to carl's point as well as lynn's and let's talk about this selection of paul ryan. you come from a state obviously with a very large older population, key voting bloc. they vote in big percentages. did he buy into, my choosing ryan, the medicare plan which now in every swing state shows not just that people favor president obama's approach but they favor it by double digits. this isn't even close. >> it's pretty stunning. i think the selection did make that a crystal clear choice between these two cand
- on a mistake saying that the economy and middle class is buried. >> it is heart beat away from the presidency stories to lock in the file. it is a matter of opinion who buried the middle class over the four years it is a matter of the fact the middle class has been buried. income down $4000 for the average american family. and then you have personal welt. destroyed by a 30 percent drop in housing prices . what about the american dream and aspiration of middle america. they think it is darker for their children than brighter for their children. i would argue that the middle class is buried over the last four years and that was a gaffe, big gaffe by vice-president biden and give the republicans fodder for the debate. >> brian: i think he's campaigning for a year, they forget it is their report card. and mitt romney was buried in debate preparation. he said. i agree with joe biden which is why we need a change in n >> who buried the middle class? is it president obama's policiless or go back to the bush administration and their policiless . i have an opinion that said largely president obama's f
romney can have. talk about what workings. >> gretchen: the other huge key to the economy is it real estate and bob massey trying to help people struggling with that. and he's hostinglet building your dreams tour in treasure island, florida. >> steve: we were down in the tampa area . and look at those people up and with you already. >> good morning, steve. thanks guys. this is it important. it is great to be here. we are trying to educate people on how to rebuild their dreamings. florida like ohio is ground zero when it come tots foreclose crisis and people losing so much in so many areas. we'll take them from the beginning and how we got here and what helped. and how the lenders put us upside down and how to get out of the jam. what we are hoping for is take it on the road. club much treasure island is great people are here early this morn they loave "fox and friends" and they are distressed it is it like they have had enough. this is going on for years and we are patrionized by the government. and on paper programs look good. but in reality. infrastructure and practical part of the
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